Thoughts on Money

But consumption smoothing pays homage to an existential reality: Life itself is the ultimate scarce asset. The future is unknowable, and religiously maintaining a double-digit savings rate through the worst squalls of life is not of the utmost importance.

I have great control of my money when I am earning it. I have zero control of my money when I am not.

"I just found this hammer. What should I do with it?"

Kind of a weird question, right? But it's just like asking "What should I do with this money?"

Well, uh...I dunno. That's not nearly enough information.

A hammer is a tool.

Money is a tool.

You have to get clear on what you're trying to accomplish in life before anyone can tell you what to do with... See more

Owning your right to feel good about money can help you make it happen. This isn’t law of attraction, raising your vibrations or whatever. It doesn’t actually get you more money by any means. It’s about getting creative to use the system against itself and claim the good money vibes you have every right to experience.

That was our first lesson. To earn money, we did some house chores that we called “job-jobs”.

You could only do the paying “job-jobs” after your regular household chores.

She continued to build on this by talking to us about our futures and encouraging us to save to meet different goals instead of spending it all.